WandX - the world's first DEX platform with the unique product for cryptocurrency management. Most importantly, the WandX app supports assets, released on Ethereum, NEO, Wanchain, and Aion. WandX is designed from the ground up to offer the user an affordable and safe cryptocurrency experience.
Contents:
- Short description of WandX
- Benefits of a dapp application
- What is Basket Protocol?
- Creating WandX tokens
Short description of WandX
Investments in these new digital assets have become highly dependent on the market. WandX developers believe, that modern financial instruments will help to make trading simple and straightforward. The platform helps to select digital assets for investment more accurately. The company makes people feel confident about investments. WandX is a decentralized trading platform, where developers have created a universal, simple and intelligent currency management system.
Benefits of a dapp application
The WandX application is a platform for trading tokens on the Ethereum and NEO blockchains. In the near future, the company wants to introduce support for Wanchain and Aion wallets. The application has many advantages.
Some of them:
| Hybrid decentralized exchange system | You can trade tokens, released on blockchains (Ethereum, NEO and Wanchain). And you can always control your cryptocurrency. Orders are placed on blockchains, and transactions occur directly through them. |
| Ethereum and NEO wallet | You can use the WandX app to connect or create Ethereum, NEO, Wanchain and Aion wallets. It also provides a full control over your wallets at any time. |
| Professional tools | Find, create, increase and manage your assets from scratch, using the decentralized control panel in the application. |
| Safety | Trade tokens that are released on several blockchains. You can confirm transactions by connecting your trading wallets to the application. |
Application functions help beginners to find digital assets in the cryptosystem safely and hedge tokens competently.
What is Basket Protocol?
Basket Protocol - open source protocol for trading and hedging tokens. It’s also a group of tokens, contained in a smart contract that can be bought or sold in one transaction. Using this protocol, users can receive several tokens.
Basket Token - the smart contract that contains the base currency as well as the asking price. Such a “basket” of tokens is on the blockchain. Moreover, any wallet address is assigned ownership of the specified “basket”. The Basket protocol allows users to create and make a sale, based on such tokens as NEP5, ERC20, WRC20, ATS.
Token Basket benefits:
- Decentralization. The ownership of the “basket” is transferred upon purchase. This transaction takes place directly on the blockchain.
- Blockchain liquidity. Since “baskets” are the smart contracts with basic tokens, the liquidity of the basket is fully supported on the blockchain.
- Availability. Buying at Token Basket is a unique way to acquire new digital assets.
Basket Token allows users to access a group of currencies with a single transaction, instead of visiting exchanges to find the liquidity of each token. It also allows users to purchase and store currency in a “basket”, instead of placing orders on several exchanges. These all items are made in order to avoid any risks.
Creating WandX tokens
To create a WandX token, you can choose one of two options:
- “Baskets” of tokens. You can get a balanced ratio of tokens, based on the exchange - centralized and decentralized exchanges - with a single transaction;
- Thematic "baskets" of tokens. You can create and trade currencies yourself. Moreover, this option is suitable for beginners in crypto.
The process of creating tokens can be described in steps. If you choose the option with a "basket" of tokens, then everything is simple. Make sure that you have ETH/NEO and ERC20/NEP5 tokens in your wallet. Go to "Token Baskets" page, unlock your wallet, open "Create Baskets" page and follow the instructions. Your tokens will be stored in a smart contract, you will be the owner of this smart contract until a transaction occurs.
If you choose the option for beginners, then follow these steps. Firstly, make sure that you have ETH / NEO / NEOGAS in your wallet to be able to purchase Token Basket. Secondly, go to the “Token Baskets” page through your NEO or ETH wallet. Lastly, click the “Buy” button to purchase a group of ERC20 or NEP5 tokens in one transaction. Once the transaction is confirmed, the tokens and their ownership are transferred to you.